The MNO Company is a cosmetic retailer and the CEO has asked your assistance in compilation and
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Question:
The MNO Company is a cosmetic retailer and the CEO has asked your assistance in
compilation and analysis of the budgeted financial statements for the financial year ending on December 31, 2021.The following information is available:
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three months, and thereafter is expected to double due to a promotion campaign with a once off cost of R30,000. |
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employees receive a thirteenth cheque equal to one month’s wages. |
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Required:
- Compile a budgeted cash flow statement for 12 months for the year 1 January 2021 – 31 December 2021 (each month to be shown separately and a total column included)
- Compile a budgeted income statement for the year 1 January 2021 – 31 December 2021 and a budgeted balance sheet as at 31 December 2021.
- Calculate the corresponding ratio’s for 2021 and interpret these as compared to the ratio’s provided for 2020.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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